Currently around 1% tax rate, but insurance is higher than most locations.

Over time, you’ll recognize quickly whether something is worth deeper underwriting.Personally, I break it into two stages:Stage 1 – Quick Filter (10–15 minutes, many times much less):• Purchase price vs realistic rent• Rough PITI at today’s rates• Taxes and insurance (especially important in Texas)• Is there an option for creative finance?

They'll only do 1st position mortgages, require to be added on insurance (property & title), close at a title company & have great docs.They may lend to existing investors more, because they have more of a track record of utilizing their money, then quickly exiting to Refi them off.

A vacancy costs you a month of rent; a bad tenant costs you thousands in legal fees and damages.Your screening process is your only real insurance policy.

Garrett points out you have states that are Attorney closing states where the escrow function is done by an attorney office and the attorney is an agent for Title insurance underwriter. 

I have a unique business in that I am one of a handful of people that have their real estate mortgage, and insurance licenses.

The structural problem with this deal is that at $70K, your fixed costs (insurance minimums, PM fees, a single water heater replacement) eat the same dollar amount as a $150K property, but you only have half the rental income to absorb them.

The mortgage for the airbnb is $2000/mo, HOA $1100/mo, tax: 700/mo insurance 200/mo (all included in the schedule e already)Questions are these:How does this all look on DTI? 

My insurance broker has also never failed in finding insurance coverage.

That means:Higher turnover riskMore wear and tearMore active managementFurniture replacement and storage considerationsBefore deciding, I’d look at three things:Is there strong demand for mid-term or corporate housing in your area (hospitals, corporate hubs, insurance adjusters, etc.)?